sales Spend.com sold for 275K USD

Super Software · Nov 22, 2017

Dave Evanson announced he brokered Spend.com for 275,000 USD

Cebe · Nov 22, 2017

Great

atinc · Nov 22, 2017

Interesting, I am not sure how the buyer planning to monetise this. What kind of service or product will be on it?

Super Software · Nov 22, 2017

My guess would be someone like Amex or Concur promoting "spend management" big thing for Enterprise (s)

frank-germany · Nov 22, 2017

if you don't spend for spend.com
what else can you spend your money on?

Kate · Nov 22, 2017

Not so bad for dying extension.

stewmath · Nov 22, 2017

Great commission for the broker too

Smiles76 · Nov 23, 2017

Waste of money. I've yet to see any of these expensive domains make any real impact on a business. Beer.com went bankrupt despite having an ultra-premium domain. If all it took to be successful is a premium keyword domain, every major corporation would do it. But, none do.

Maxwell · Nov 23, 2017

Smiles76 said:
Waste of money. I've yet to see any of these expensive domains make any real impact on a business. Beer.com went bankrupt despite having an ultra-premium domain. If all it took to be successful is a premium keyword domain, every major corporation would do it. But, none do.

It's not an absolute guarantee of success, nobody is saying that.... also showing one example of a failure doesn't sum up how all of them are.

Companies are wildly successful with these acquisitions all the time.

elevator · Nov 23, 2017

Smiles76 said:
Waste of money. I've yet to see any of these expensive domains make any real impact on a business. Beer.com went bankrupt despite having an ultra-premium domain. If all it took to be successful is a premium keyword domain, every major corporation would do it. But, none do.

Yap! beer.com bankrupted but that does not mean it is the fault of the domain name, but the organization's fault.
Do you mean it is not good for one to have a premium domain name for business? Mind you, having a good premium domain name is like having shopping store at wall street. It now depends on the management to make good use of the store front to make sales.
Cheers.

Haykay2005 · Nov 23, 2017

so cheap..

DAN.COM · Nov 23, 2017

That's a great deal for both the buyer and seller.

Super Software · Nov 23, 2017

Haykay2005 said:
so cheap..

In 1999 it would have sold for 2.75 Mil

LOL

namey · Nov 23, 2017

Great deal, could use it for something in the crypto-currency space, if they did that they can make up what they paid in a matter of months.

nothere · Nov 23, 2017

Think of it like buying a storefront...for every beer.com that went kaput you can find a lot of others that flourished.

Spend seems like a negative word but they must have something in mind.

Smiles76 said:
Waste of money. I've yet to see any of these expensive domains make any real impact on a business. Beer.com went bankrupt despite having an ultra-premium domain. If all it took to be successful is a premium keyword domain, every major corporation would do it. But, none do.

Hireinternet · Nov 23, 2017

Great deal .

Kate · Nov 23, 2017

Smiles76 said:
Waste of money. I've yet to see any of these expensive domains make any real impact on a business. Beer.com went bankrupt despite having an ultra-premium domain. If all it took to be successful is a premium keyword domain, every major corporation would do it. But, none do.

There are plenty of good examples, @James Iles has been posting a lot of those. The successful companies normally all have great names.
Of course having a great name does not guarantee success but having a crappy name will drag you down when you aim for the top.

I say domain are the most undervalued assets of our time.
6 figures for a domain is nothing compared to what corporations spend on advertising.

nothere · Nov 23, 2017

Yep, you only buy it once, too! Advertising must go on or else.
If Booking stopped advertising, people would default to typing hotels.com --for free.

Kate said:
There are plenty of good examples, @James Iles has been posting a lot of those. The successful companies normally all have great names.
Of course having a great name does not guarantee success but having a crappy name will drag you down when you aim for the top.

I say domain are the most undervalued assets of our time.
6 figures for a domain is nothing compared to what corporations spend on advertising.

WINNA · Nov 23, 2017

That was money well 'Spent'!

blockpaving · Nov 23, 2017

Kate said:
There are plenty of good examples, @James Iles
I say domain are the most undervalued assets of our time.
6 figures for a domain is nothing compared to what corporations spend on advertising.

Agree

tritrain · Nov 23, 2017

Probably going to be a payment processing site/app. Sort of like Square.

richface · Nov 23, 2017

Great deal for the Seller. Sold the de version years back to an investor no clear use in my humble opinion can't see a company branding as "Spend" but hey what do I know I would rather have Andrew's Unchained.com for the same price.

My opinion only.

wwwweb · Nov 23, 2017

These are tough sales, can be very contingent on buyers personal life.

Maybe in a bind, needs a deposit for something etc.. only the buyer knows what he turned down, it's a tough one to part with a $275K minus commission for sure.

Super Software · Nov 23, 2017

I just googled "spend.com" for kicks, at least 20 legit or possible buyers who could use this domain showed up from NetSpend prepaid debit card to Expend T&E management etc. What fun the guessing game is...

Whois is private last updated on 22nd Nov and hosts a WordPress site on Linode.....

I can't wait to find out....the real use.

elevator · Nov 23, 2017

atinc said:
Interesting, I am not sure how the buyer planning to monetise this. What kind of service or product will be on it?

What! You mean you don't know what the name could be used for? hahahahaha!!!
Spend is simply a spending tool - simply for money transaction. It can be for credit card ATM and many other spending tools.

sales Spend.com sold for 275K USD

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